I-T Dept Sends Bulk Texts: Income Tax Refunds On Hold Due to "Mismatches"

• Taxpayers report receiving bulk texts/emails from the Income Tax Department stating refunds are on hold due to "mismatches" in ITR filings.
• Messages indicate returns were flagged under a "risk management process" for discrepancies in refund claims.
• Some taxpayers were asked to file revised returns for the relevant assessment year by December 31.
• Confusion arises as alerts often contradict ITR portal status, with some showing refunds credited despite "on hold" messages.
• CA Pratik Bharda suggests reasons include high refund amounts or mismatches in 80C, 80D, HRA claims with Form 16; I-T Department yet to clarify.

Why It Matters: Income Tax refunds face delays due to I-T Dept's "risk management" flagging, causing taxpayer confusion.